New World Order...

I've been long NFLX for a while now and have no complaints. I don't even use NFLX but many of my friends do and they swear by it. Kids need cartoons and alot of the small budgetr films aren't available at the local video store or Blockbuster. Blockbuster does have fifty copies of Irobot ( what a piece of crap!) but few foreign and independent films. BBI is trading at about $8 and has an EPS $-7.81 and a cash position of $145 million, not bad but they also have debts of over $1.10 Billion (!). NFLX has about $170 million in cash and no debt and a growing revenue. And they just broke a revenue estimate on the upside. NFLX rose $2.05 to close at $19.01 on massive volume of 11.8 million shares.
After Monday's closing bell, the online DVD rental company said it earned $5.7 million, or 9 cents a share, compared with a profit of $2.9 million, or 4 cents a share, in the same period last year.
The company previously had forecast a loss in the range of $2.2 million to $7.2 million. Instead, it was able to record a profit, thanks to lower-than-expected marketing costs, better-than-expected cost management and lower-than-expected stock-based compensation expenses.
Excluding stock-based compensation expenses, Netflix would have earned $9.1 million, or 14 cents a share, in the latest period. Revenue rose 37% to $164.5 million. It's only a matter of time before BBI falls through the floor or get bought out by some deep pocekt guy wanting access to the US markets, like Carlos Slim (Telemex).